Course Schedule and Catalog

Long Title: GAME THEORY AND ECONOMIC BEHAVIOR

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 370

Description: Choice under uncertainty and Von Neumann Morgenstern utility; games in normal form: mixed strategies, Nash equilibrium (existence and stability); games in extensive form: backward induction and other equilibrium refinements; games with incomplete information: Bayesian Nash equilibrium, application to signaling; cooperative games: the coalitional form, coalition formation and core stability, applications to exchange and bilateral Groves mechanisms. Recommended prerequisite(s): Familiarity with mathematical arguments and probability theory.